Gold price today (September 2): Gold rings on the rise

Gold price today (September 2): The price of Phu Quy brand gold rings has increased sharply by VND500,000/tael compared to yesterday morning, reaching VND125.8 million/tael in the selling price. The world gold price "anchored" at a record high in the context of the US market being closed on Monday for Labor Day.

Domestic gold bar price today

Gold bar price Domestic SJC has not shown any signs of cooling down as it is still "anchored" at the mark of 130.6 million VND/tael sold.

Specifically, DOJI listed the price of gold bars at 129.1 - 130.6 million VND/tael (buy - sell), not much fluctuation compared to early this morning.

SJC and PNJ brands also simultaneously traded gold bars at 129.1 - 130.6 million VND/tael (buy - sell), stable compared to early yesterday morning.

Bao Tin Minh Chau listed the price of gold bars at 128.6 - 130.6 million VND/tael (buy - sell), stable compared to early yesterday morning.

Phu Quy SJC gold bars traded at 128.1 - 130.6 million VND/tael (buy - sell), stable compared to early this morning.

Domestic gold bar prices updated on the morning of September 2 as follows:

Yellow	Early morning 1-9		Early morning 2-9		Difference
	Buy	Sell	Buy	Sell	Buy	Sell
	Unit of measure: Million VND/tael				Unit of measure: Thousand dong/tael
DOJI	129.1	130.6	129.1	130.6	-	-
SJC	129.1	130.6	129.1	130.6	-	-
PNJ	129.1	130.6	129.1	130.6	-	-
Bao Tin Minh Chau	128.6	130.6	129.1	130.6	-	-
Phu Quy	128.1	130.6	129.1	130.6	-	-

Gold price today (September 2): Gold bars are stable, gold rings increase at some brands.

Domestic gold ring price today

The price of gold rings today (September 2) has fluctuated in some brands. Phu Quy brand gold rings have increased sharply by 500,000 VND/tael compared to yesterday morning, listed at 122.8 - 125.8 million VND/tael (buy - sell).

Bao Tin Minh Chau is currently trading at 122.8 - 125.8 million VND/tael (buy - sell), an increase of 200,000 VND/tael compared to yesterday morning.

The price of gold rings of brands such as SJC, DOJI, PNJ is basically stable compared to yesterday morning.

Specifically: SJC listed gold rings at 122.5 - 125 million VND/tael (buy - sell).

DOJI brand gold rings are traded at 122.5 - 125.5 million VND/tael (buy - sell).

PNJ gold rings are currently trading at 122.5 - 125.4 million VND/tael (buy - sell).

World gold price today

World gold price increased today, with spot gold price at 3,475.70 USD/ounce. World gold price generally increased by 0.85% in the past 24 hours, equivalent to an increase of 29.2 USD/ounce.

With the domestic gold bar price basically stable and the world gold price listed at Kitco at 3,474.19 USD/ounce (equivalent to about 111 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 19.6 million VND/tael.

World gold prices are at their highest level in more than 4 months. Illustration photo: iStock

Gold hit its highest in more than four months on Monday, just $23 away from an all-time high, boosted by expectations of a Federal Reserve rate cut and a weaker dollar. Meanwhile, silver prices topped $40 an ounce for the first time since 2011.

At 9:37 a.m. Eastern Time (8:37 p.m. Hanoi time) on September 1, spot gold rose 0.9% to $3,477.56 an ounce, the highest level since April 22, when gold hit a record high of $3,500.05 an ounce. US gold futures for December 2025 delivery rose 0.9% to $3,547.70 an ounce.

US markets are closed on Monday for the Labor Day holiday. The US dollar is trading near its lowest level since July 28 against a basket of currencies, making dollar-denominated gold more attractive to foreign buyers. "Gold, and especially silver, extended its strong gains on Friday, supported by persistent US inflation, weak consumer confidence, expectations of interest rate cuts and concerns about the independence of the Fed," said Ole Hansen, head of commodity strategy at Saxo Bank.

World gold prices will fluctuate today (September 2) when the market will receive the August Purchasing Managers' Index (PMI) of the Institute for Supply Management (ISM), followed by the JOLTS job openings data released on Wednesday. On Thursday, there will be the August ADP employment report, along with the weekly unemployment claims. The week ends on Friday with the US August non-farm payrolls report. Investors see signs of weakening employment as a factor that further confirms expectations that the Fed will cut interest rates in mid-September. This could impact gold prices in the future.

Source: https://baolangson.vn/gia-vang-hom-nay-2-9-vang-nhan-tren-da-tang-manh-5057682.html